Norm “the Oracle” Ornstein sees growing possibility of Democratic takeover of the House

Respected congressional scholar Norman Ornstein says chances for a Democratic takeover of the GOP-led House have grown from barely one percent four or five weeks ago to roughly 20 percent today.

The veteran scholar at the American Enterprise Institute says chances for Democrats winning control of the 435 seat House remain “pretty dim.”

Democrats need a net gain of 25 seats to win back the political control of the House that was lost in the mid-term congressional election in 2010.

But Ornstein adds: “You could weave a scenario now where all of Romney’s troubles just cascade downward, where there’s a sense that Romney is a catastrophe and the sag in morale is enough to cut Republican turnout.”

But Ornstein said in another couple of weeks, Republican independent Super Pac strategists such as Karl Rove “could decide that Romney is a lost cause and they’ve got to pour their money into House and Senate races instead of the presidential race.”

“You put $1 million into a House race on behalf of a candidate and the other candidate is going to be in big trouble,” Ornstein said. “That could stem their losses in the House and shore up Republican support.”